Magnetic resonance, relaxation and dynamic parameters of polaron spins and methanfullerene radical anions, initiated by the infrared-visible-ultraviolet photons in bulk heterojunctions of the composite formed by narrow-band poly[(9,9-dioctylfluorenyl-2.7-diyl)-co-(bithiophene)] (PFOT, F8T2) copolymer and [6,6]-phenyl-C61-butyric acid methyl ester (PC61BM) globules were investigated by the direct Light-Induced Electron Paramagnetic Resonance (LEPR) spectroscopy. It was shown that some of the polarons are captured by spin traps formed in the copolymer matrix due to its disordering. The number, spatial distribution and energy depth of such traps depend on the structure and morphology of composite. It is shown that the main parameters of both charge carriers are determined by the exchange interaction of the spin ensembles, as well as the energy of the photons. The formation of spin traps in the copolymer matrix and the exchange interaction between different spin packets cause the extreme sensitivity of the composite's magnetic resonance and electronic parameters to the number and energy of the initiating photons. The predominant photoinitiation of localized polarons in the copolymer matrix was demonstrated. This process is substantially accelerated when the composite is illuminated by photons with the energy lying near 1.8 and 2.7 eV. The recombination of both charge carriers can be described in terms of a bimolecular process of the second order. It was found that the contributions of polarons and methanofullerene radical anions to the effective paramagnetic susceptibility increase substantially near the photon energy of 2.6 and 2.1 eV due to the exchange interaction of these charge carriers. It is shown that the mobility of polarons varies monotonically throughout all the photon energy range, whereas the librational spin dynamics of the methanofullerene globules is substantially accelerated near the photon energy of 2.0 and 2.7 eV.